AI computing startup Lambda to raise $4B ahead of planned IPO
Lambda is raising up to $4 billion at a $14.5 billion valuation ahead of a planned 2027 IPO.
Cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, led by Coatue Management and Blackstone, ahead of a planned 2027 IPO. The Wall Street Journal reviewed an investor letter showing backlog grew from $15 billion in June to $50 billion in September, largely from a $35 billion Anthropic commitment signed in late August. Lambda also raised about $1 billion in debt the prior week to fund data-center buildouts. Nvidia-backed peers CoreWeave and Nebius already trade publicly, and British neocloud Nscale filed for an IPO last month.
- Coatue and Blackstone lead a round of up to $4 billion.
- Reported backlog jumped from $15 billion to $50 billion, mostly Anthropic.
- A $35 billion Anthropic commitment was signed in late August.
- Lambda also raised about $1 billion of debt the prior week.
- The planned IPO slipped from 2026 toward 2027.
- Vendors
- Nvidia
From the original article
2 min read at techcrunch.com
Nvidia-backed Lambda is raising up to $4 billion at a $14. 5 billion pre-money valuation ahead of a planned 2027 IPO, led by Coatue and Blackstone.
By Rebecca Bellan · techcrunch.com
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